Wall Street Journal says deal could be finalized this week, though restaurant company isn’t commenting until transaction is completed

Dillon to be succeeded by Kelli Valade, who will assume the role of president, along with her current role of chief executive of the restaurant company

Managing director Scott Mezvinsky said Taco Bell’s new Go Mobile 2.0 model was created to meet a growing digital business, bolster franchisee economics, and make employees’ lives easier.

Starboard, which is no stranger to the restaurant industry, has taken a more than 5% stake in Bloomin’ Brands, according to the WSJ.

The virtual brand’s menu will now appear on Chili’s bar menu and as part of Chili’s appetizer section.